Question

bills pizza has an asset turnover of 3.5. the total assets of bills were $95,000. what is bill's pizza net sales?

Answer 1

Total asset turnover=net sales/total asset
Assume net sales x
3.5=x/95000
X=3.5*95000=332,500

Answer 2

Sales =
`332,500$`

Explanation:

Given that Bills pizza has an asset turnover of 3.5.

Total assets -
`$95000`

We know that asset turnover is the ratio of net sales to total assets.

Here we have total assets =
`95000$`

Asset turnover
`= 3.5`

Hence we get

`(Sales)/(95000) =3.5`

Sales = 95000(3.5) = 332,500$